ASSA ABLOY has successfully acquired International Door Products (IDP), a manufacturer based in the United States known for producing both standard and custom fire-rated steel door frames.
This strategic acquisition aims to bolster ASSA ABLOY's market presence by integrating additional solutions into its core offerings.
Strategic Expansion into Mature Markets
Nico Delvaux, President and CEO of ASSA ABLOY, expressed satisfaction with the acquisition, stating, "I am very pleased to welcome IDP to ASSA ABLOY. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business.”
Enhancing the Portfolio and Customer Offerings
Lucas Boselli, Executive Vice President of ASSA ABLOY and Head of the Americas Division, also commented on the acquisition's significance, saying, "This acquisition marks an exciting milestone for ASSA ABLOY Opening Solutions Americas as we welcome International Door Products Inc. into our family."
He further added, "This acquisition allows us to offer an even broader range of solutions to our customers. IDP’s premium product portfolio and rapid lead times complement our existing capabilities, ensuring we can meet the evolving needs of construction markets with speed and excellence."
About International Door Products
Founded in 1977, IDP operates with approximately 80 employees out of its main office and manufacturing facility located in Southfield, Michigan, USA.
The company reported sales of around USD 29 million (approx. SEK 300 million) for 2024, achieving a strong EBIT margin. The acquisition is expected to positively influence ASSA ABLOY’s earnings per share from the outset.
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